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Bitcoin Price Analysis: Bitcoin will cross $ 62,000 and is set to reach $ 65,000 in the future?

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  Bitcoin

TL; Fault DR

  • Bitcoin price analysis is bullish today.
  • BTC / USD returned above $ 62,000.
  • The next goal is $ 65,000.

Bitcoin price analysis is bullish today as the highest level is set above the $ 62,000 resistance. Therefore, we expect the BTC / USD to continue to rise to the $ 65,000 mark over the next 24 hours.

Bitcoin Price Analysis: Bitcoin will cross $ 62,000 and is set to reach $ 65,000 in the future?  1
Encrypted currency heat map Source: Coin360

The cryptocurrency market traded higher in the last 24 hours, with Bitcoin growing 2.25%. Atrium, meanwhile, grew 2.06 percent, while Fantom (FTM) rose 12 percent.

Bitcoin movement in the last 24 hours: Bitcoin returns above $ 62,000

BTC / USD traded in the range of $ 60,012.76 – $ 62,944.32, which shows a slight fluctuation over the past 24 hours. Trading volume increased by 6.58% to $ 37.4 billion, while the total market value was trading at about $ 1.17 trillion, resulting in market dominance of 47.12%.

4-hour chart BTC / USD: Does BTC look like $ 65,000 today?

In the 4-hour chart, we can see the $ 62,000 mark that is currently being tested as support, probably meaning that the cows are preparing to climb further today.

Bitcoin Price Analysis: Bitcoin will cross $ 62,000 and is set to reach $ 65,000 in the future?
4-hour chart BTC / USD. Source: TradingView

Bitcoin price performance has been strong so far this month. After a week-long rally above $ 41,000, a strong rally began on October 1st.

Since then, BTC / USD has risen more than 50 percent to a high of $ 62,900. However, the cows tried to maintain control over the weekend, resulting in $ 60,000.

When the $ 60,000 mark was re-tested as a support, a slight uptrend returned and the BTC / USD crossed the $ 62,000 level again. Yesterday, another short-term increase to $ 60,000 was accompanied by an increase today, pushing the price of bitcoin to the highest local level.

Bitcoin Price Analysis: Conclusions

Bitcoin price analysis is bullish as the market returned above $ 62,000 this morning and peaked. Therefore, we expect BTC / USD to continue to this day and its next major target is $ 65,000.

While you wait for the Fantom to move, read our guide to LTC bags, Gero bags and DeFi bags.

Disclaimer. The information provided is not a commercial recommendation. Ramzifa.ir is not responsible for the investments made based on the information provided on this page. We strongly recommend independent research and / or consultation with a qualified professional before making an investment decision.